Bio-plastics Market - Forecast(2021 - 2026)

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Bio-plastics Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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• Bio-plastics Market size is forecast to
  reach 7.4 billion by 2025, after growing at
  a CAGR of 17.2 during 2020-2025.
• With a rise in the consumption of eco-friendly
  products and wide usage of bio-plastics in
  various industries such as pharmaceutical,
  transportation, and food industries, the
  bio-plastics market is witnessing an increase in
  its demand. 

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Key Takeaways

• Europe dominates the bio-plastics market owing to
  policies imposed by the government in the region
  such as Extended Producer Responsibility (EPR),
  which encourages the use of bio-plastics in
  various end-use industries.
• Bio-plastics are an environmentally friendly
  alternative to petroleum-based plastics such as
  polypropylene plastic (PP) and polystyrene
  plastic (PS) and possess comparable better
  characteristics. 

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By Distribution Channel- Segment Analysis The
non-biodegradable plastics segment held the
largest share in the bio-plastic market in 2019,
owing to the increasing usage of
non-biodegradable bio-plastics in food packaging,
automotive parts, consumer goods, and more. They
are widely used to manufacture products such as
carry bags, bottles, electronic equipment, and
automotive housings. In addition, they are being
used as a substitute for high-performance glass
components. Also, the weight of Bio-PET is much
less than conventional PET.
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• Bio-plastics Market Industry Outlook 
• Novamont S.p.A,
• Arkema S.A.,
• Dow Chemical Company,
• BASF SE,
• Mitsubishi Plastics Inc.,
• Corbion NV

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Bio-plastics Market - Forecast(2021 -
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• Analyst Briefing
• Data Tables
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